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Updated over 1 year ago on . Most recent reply
![Yash Bhatt's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1287930/1621511008-avatar-yashb3.jpg?twic=v1/output=image/crop=1080x1080@0x64/cover=128x128&v=2)
Looking for a HELOC / 2nd mortgage on an investment property
Hi,
We bought and rehabbed a home and it's been active as a short term rental for almost a year now in Sedona, AZ. We are looking to pull some cash out to recover our rehab costs and having a hard time finding a solution. We secured a 3.5% loan so we would like to avoid doing a cash out refinance. Ideally, we were looking to see if a private investor would do a 2nd position mortgage or HELOC.
loan balance is 740k
house would appraise between 1.3-1.4 million
We would like to pull out 200k
willing to discuss all creative options.
Thanks for considering!
Yash
Most Popular Reply
Hi Yash,
Our office is in Scottsdale and we just added a investor HELOC. Happy to run through the numbers with you.
- Zach Wain
- [email protected]
- 480-336-3737